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1. What are some of the ways fiscal policy might encourage economic growth?
2. Under what conditions will a larger budget deficit cause a trade deficit?
If you incur sunk costs, you are vulnerable to post-investment hold-up. Explain what this means and provide a new example (one not in any of the class materials) to illustrate.
The accompanying table shows the demand schedule for Vitamin D. Suppose the marginal cost of producing vitamin D is zero. Suppose that company A is the only producer of vitamin D and act as a monopolist.Suppose the company produces 40 units of vitami..
What did the government do during 2000-2010 to either help or hinder the improvement of China's economy? Consider what policies were put in place by the government. This is where you will discuss fiscal policy, monetary policy, and supply side policy..
The owner of a luxury motor yacht that sails among the 4000 Greek islands charges $344/person/day if exactly 20 people sign up for the cruise. However, if more than 20 people sign up (up to the maximum capacity of 100) for the cruise, then each fare ..
How does the increase in money supply affect consumer spending and investment? How does it affect the firm or organization you work for? How do the Federal Reserve policies affect us as individuals (households)?
Use these data to calculate the following:a.Private saving b.Public saving c.Government purchases
All stratified societies have groups of individuals that do not produce, but still receive a ‘cut’ of the social surplus. How does Diamond argue that these ‘privileged’ individuals manage to convince productive members of society to give them some of..
What are the basic issues involved in recruiting and selecting managers for foreign assignments? Why is performance appraisal important for international firms? How does international HRM for non-managerial employees differ from that for managerial e..
Explain why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run.
There have been some discussions about the possibility of IRS applying only a flat tax rate in the future to every individual's income in order to calculate the individual's share of income tax.
Assume that a monopolist has a demand curve given by P = 1500 - 4Q, and T C = 100 + 5Q2 with MC = 10Q. Calculate the dead weight loss. Calculate the producer surplus
Suppose that the only way to reduce pollution from paper production is to reduce output. The government imposes a tax equal to the marginal harm from the pollution on the monopoly producer. Show that the tax may or may not raise welfare?
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